Our collateralized lending product will allow you to put sLEO into a contract on Arbitrum and take out a loan in a USD-equivalent asset
This loan can be used for anything you want and there will be a very low interest rate on these loans
While you have the loan, LeoStrategy will earn a small interest rate + the sLEO staking rewards from LeoDex but you will get instant access to liquid capital to use for whatever you want
This drives revenue into LeoStrategy where 100% of the revenue buys LEO and adds it to our balance sheet. Over time, this increases the value of LEO (which you still are exposed to because of your sLEO holdings that are collateralized).
So effectively, you are increasing the value of your LEO investment simply by taking out a loan against your LEO to fund your lifestyle, buy a new car, buy a house, etc.
https://inleo.io/threads/view/taskmaster4450le/re-ahmadmanga-lwrvjzpy
Wealth building program:
Capture the spread between the two loans.
Money printing 101.
How is the yield on SURGE generated? How is that paid for? It's the only thing I don't get so far.
I have the same question 😊.
If I understand this well, does it mean I can borrow USD against my Leo and still be staking rewards pending when I repay the loan and get my Leo+ the staking rewards back?
That's so cool.. Still trying to wrap my head around it completely. I'll get there soon